71.   Collection, it said, became slower, while financing for construction and property development became scarce, and short-term interest rates rose dramatically.

72.   Family ties steered him towards property development.

73.   Formerly known as International Tak Cheung Holdings, Tung Fong Hung Properties is engaged in property development and investment, as well as trading of petrochemical products.

74.   Great Eagle Holdings is involved in property development and investment.

75.   He began his career as an insurance underwriter, but soon became interested in property development.

76.   He also went into property development in housing, hotels and shopping malls.

77.   He recommended that a reliable and up-to-date national data bank on property and property development be developed as such information became more useful in challenging economic times.

78.   He and Mr Glass maintained that the scheme was based on a prudent and conservative assumption about property development.

79.   He said Malaysian investment in the Philippines had also jumped, particularly in tourism and public utilities facilities, construction and property development, and manufacturing.

80.   He said the company is still looking at property development as a viable option for its diversification plans.